It's OK, Trump's agenda still intact - Westpac

Dhwani Mehta FXStreet

Analysts at Westpac noted that in the US, belief in President Trump’s policy agenda remains intact, aiding confidence in the economy.

Key Quotes:

"This is despite a seeming impasse on health care reform in the Senate and little–to–no progress on tax and infrastructure. Tensions regarding FBI Director Comey’s sacking are also mounting.

For the economy, conditions are strong enough for follow–up hikes from the FOMC in June and December, but a terminal rate near 2% is a lot more likely than the FOMC’s 3%."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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